(Personal and Business PADs) LETTER OF UNDERTAKING

FORM 11160 (08/2008)page1of 3(FOR bank USE ONLY)CM DEBITS SERVICE (Personal and Business pads ) LETTER OF UNDERTAKINGTo: royal bank of canada ( RBC )The undersigned ( Customer ) requests that RBC provide its Pre-Authorized Debits Service (the Service ),which consists of the processing of pre-authorized debits (PAD s) by RBC on behalf of Customer, drawn onspecified payors ( Payors ) for credit to my/our Account Number: _____Branch consideration of RBC agreeing to actas Customer s Sponsoring Clearing bank Member by collectingpersonal or Business pads issued by Customer, Customer agrees that the Service will be conducted inaccordance with RBC s rules and any Regulatory or Clearing Association regulations, supplementedoramended from time to time.(Customer/Company Name)By:(Authorized Signature)By:(Authorized Signature)ACCEPTED AND AGREEDROYAL bank OF CANADAPer:Name:Title:Form 12270 (12/2002revision or later)Financial Services Agreement, orForm 11116 (07/2003 revision or later) Business Services Agreement must be heldprior to the signing of this 11160 (08/2008)TMTrademark of royal bank of canada .

FORM 11160 (08/2008) page 1 of 3 (FOR BANK USE ONLY) CM No. PRE-AUTHORIZED DEBITS SERVICE (Personal and Business PADs) LETTER OF UNDERTAKING To: Royal Bank of Canada …

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